GERMANY

Merkel: euro zone has no orderly insolvency mechanism yet

IBTimes Logo
German Chancellor Angela Merkel said on Tuesday there were generally no taboos in politics but that the euro zone crisis would not have a mechanism for orderly insolvency of one of its members until its permanent rescue mechanism comes into power in 2013.
More news
IBTimes Logo

RIM, Dolby set licensing deal; lawsuits dropped

Dolby Laboratories said on Monday it has withdrawn its patent infringement lawsuit against Research In Motion after the BlackBerry maker inked a licensing deal to use of some of Dolby's technologies.
IBTimes Logo

Greek Default Jitters Hammer French Banks, Euro

Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
french nuclear explosion

France Confirms Nuclear Explosion, Death

In France, a nuclear explosion has killed one and injured four more. The event comes on the heels of a re-investment in nuclear energy by President Nicolas Sarkozy.

French Nuclear Explosion Causes Radioactive Leak Risk

An explosion at France's Marcoule nuclear plant on Monday has left at least one dead and three injured. As of 2 p.m. local time, there had been no radioactive leak, but there is a leak risk and authorities have set up a protective perimeter around the plant.
Gold bars

Gold Falls As Speculators Sell to Cover Equity Losses

Gold fell further on Monday after posting its worst closing since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's ability to resolve its debt crisis sent bullion priced in euro to a record high.
IBTimes Logo

Global stocks hit hard by Greek worries

World shares tumbled nearly 2 percent on Monday with European equities at 26-month lows, down more than 20 percent this year, as investors worried Greece would default amid signs of rifts among euro zone policymakers.
A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York

Sprint/T-Mobile Deal May Fare Better with Regulators: Analyst

AT&T, Inc.(NYSE:T), the second-largest wireless carrier in the U.S., faces an uphill battle as the Department of Justice's (DoJ) action and upcoming Federal Communications Commission (FCC) action suggests a philosophy of too much wireless M&A too soon.
The Acer Iconia Tab A501

AT&T Acer Iconia Tab A501 4G vs. the Imminent Apple iPad 3

Being one of the most highly anticipated devices from Apple, rumors about the possible features of the third generation iPad are rife. Based on the most rumored spaces, here is a head to head comparison between the Acer Iconia Tab A501 and the iPad 3.
A factory building of German car manufacturer Opel is pictured at the headquarters in Ruesselsheim

Analysis: GM's Opel Facing Uncertain Future

Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.
An employee checks an Euro note at the Bank of Taiwan head office in Taipei

Euro Slumps to 10-Year Low vs. Yen as Greece Worries Mount

The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.
IBTimes Logo

Euro extends losses, hits 10-year trough on yen

The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.
9.11 Counter Rally

9/11 Anniversary: Skeptics Rally in New York

A group of nearly 100 protesters traveled to the financial district in New York City to protest what they believed was dishonesty from the U.S. government regarding the September 11, 2001 terrorist attack.
IBTimes Logo

Greece slaps new tax on property to cut deficit

Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mounted in Europe over its euro zone membership.
IBTimes Logo

France stakes future of EU on fate of euro currency

France on Sunday staked the future of the European Union on the fate of the euro, saying the economic and political union at the heart of Europe would be at risk if the single currency were allowed to be torn apart by the region's sovereign debt crisis.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.